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In our pretend world there are two countries - Chile & Switzerland - that are engaged in trade. The firm Switzerland Chocolates Express sells boxes

In our pretend world there are two countries - Chile & Switzerland - that are engaged in trade. The firm Switzerland Chocolates Express sells boxes of chocolate (a good) in Chile. Each box of chocolates sells for 6500 Chilean pesos in Chile. In Switzerland, each box of chocolates costs 11 Swiss Franc to produce. Assume that the firm has 1M boxes of chocolate to sell. How much money (in Swiss Franc) would the firm make (or lose) on the sale at the following exchange rates:

Rate 1: 550 Pesos per Swiss Franc

Rate 2: 0.0015 Swiss Franc per Chilean Peso

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